Tue, March 4, 2025
Mon, March 3, 2025

'These are not savings': The 5 largest DOGE cuts actually saved 99% less than Musk claimed

Tesla and SpaceX CEO initially declared that his Department of Government Efficiency, or DOGE, had saved taxpayers tens of billions of dollars by laying off federal workers and cancelling contracts for projects he deemed inefficient.

The article from MSN discusses a report by the Washington Post which analyzed the effectiveness of the cost-saving measures implemented by Elon Musk at Twitter, now known as X Corp. The report highlights that the five largest cost-cutting actions taken by Musk, including significant layoffs, resulted in savings that were 99% less than what Musk had claimed. Specifically, while Musk suggested that these measures would save the company $500 million annually, the actual savings were much lower. The article points out that these discrepancies could be due to various factors such as severance costs, legal fees, and the costs associated with re-hiring or outsourcing roles that were cut. This analysis casts doubt on the financial benefits of Musk's aggressive cost-cutting strategy, suggesting that the savings were not as substantial as initially portrayed.

Read the Full MSN Article at:
https://www.msn.com/en-us/news/politics/these-are-not-savings-the-5-largest-doge-cuts-actually-saved-99-less-than-musk-claimed/ar-AA1AaMBF